Tuesday, November 22, 2022

Is Vulcan Supplies Firm (VMC) an Engaging Funding?

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Carillon Tower Advisers, an funding administration firm, launched its “Carillon Chartwell Mid Cap Worth Fund” third quarter 2022 investor letter. A duplicate of the identical could be downloaded right here. The market witnessed excessive volatility within the quarter, and the fairness market section returns ranged from -2% to -5%. The Russell Mid Cap Worth index declined practically 5% within the quarter. As well as, you possibly can verify the highest 5 holdings of the fund to know its finest picks in 2022.

Carillon Tower highlighted shares like Vulcan Supplies Firm (NYSE:VMC) within the Q3 2022 investor letter. Headquartered in Birmingham, Alabama, Vulcan Supplies Firm (NYSE:VMC) is a building aggregates producer and provider. On November 18, 2022, Vulcan Supplies Firm (NYSE:VMC) inventory closed at $178.89 per share. One-month return of Vulcan Supplies Firm (NYSE:VMC) was 14.73%, and its shares misplaced 9.72% of their worth over the past 52 weeks. Vulcan Supplies Firm (NYSE:VMC) has a market capitalization of $23.776 billion.

Carillon Tower made the next remark about Vulcan Supplies Firm (NYSE:VMC) in its Q3 2022 investor letter:

“Vulcan Supplies Firm (NYSE:VMC) produces building aggregates, asphalt combine, concrete, and cement. Sturdy pricing progress offset value inflation in Q3, and administration expressed optimism that it might probably obtain extra worth will increase given wholesome demand tendencies.”

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Vulcan Supplies Firm (NYSE:VMC) is just not on our record of 30 Most Widespread Shares Amongst Hedge Funds. As per our database, 39 hedge fund portfolios held Vulcan Supplies Firm (NYSE:VMC) on the finish of the third quarter, which was 34 within the earlier quarter.

We mentioned Vulcan Supplies Firm (NYSE:VMC) in one other article and shared ClearBridge Investments’ views on the corporate. As well as, please take a look at our hedge fund investor letters Q3 2022 web page for extra investor letters from hedge funds and different main buyers.

 

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Disclosure: None. This text is initially printed at Insider Monkey.



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